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A week before the US elections, Bitcoin topped $71,000 on Tuesday morning, leading other major altcoins into a bullish trend. Bitcoin hit $71,075 last week after plummeting due to rumors surrounding a possible investigation into Tether and the ongoing Middle East conflict, according to CoinGecko tracking. Experts and industry watchers say the recent Bitcoin breakout is related to increased inflows to Bitcoin ETFs and the excitement of the November 4 US presidential election, which favors the crypto industry. . Despite Bitcoin's volatile price movements over the past few days, Bitcoin is currently on a bullish streak. Source: Coingecko Will bulls…
top line Bitcoin has just reached its highest level since late spring, as several market conditions, including next week's US presidential election, impact the $1.4 trillion cryptocurrency. President Trump will deliver the keynote address at the Bitcoin 2024 conference in Nashville in July.Getty Images important facts Bitcoin rose about 3% on Tuesday at around 10:30 a.m. EDT, or 2:30 p.m. GMT, to a peak of $71,887, the token's highest price since May 21 (24 Bitcoin market price fluctuations are the most volatile (usually measured in GMT). This brought Bitcoin's gain in October to 11%, outpacing the 1% rise in the…
Ethereum co-founder Vitalik Buterin has announced a new development phase, “The Splurge,” aimed at making Ethereum faster, more secure, and ready for future challenges such as quantum computing. This stage of the roadmap focuses on Ethereum's long-term flexibility and user accessibility, with the goal of “fixing everything else” to address notable scalability and security issues. Buterin’s approach to preparing Ethereum for the advent of future quantum computers underscores his commitment to pre-empting any cryptographic weaknesses and ensuring the robustness of Ethereum’s cryptography. Buterin's main focus in The Splurge is enhanced encryption that can protect networks from the code-breaking capabilities of…
Venture capitalist and crypto veteran Chris Burniske believes Bitcoin (BTC) may be just days away from a big breakout. Berniske said on social media platform “If BTC holds ‘one of those candles’, November would be a good candidate month… I mean…come on. ” Source: Chris Burniske/X Looking at his monthly chart, Bitcoin is trading above multiple simple and exponential moving averages that have served as support during previous bull market cycles. In technical analysis, assets that are trading above their moving averages are usually considered bullish, especially on weekly and monthly time frames. Berniske reposted a tweet to X that…
Cryptocurrency exchange OKX has selected Standard Chartered as its third-party cryptocurrency custodian to help institutional investors meet growing demand for segregated storage solutions. OKX has partnered with banking giant Standard Chartered to enhance its crypto asset custody services for institutional customers, addressing the growing need for separate custody of digital assets. In a blog announcement on October 29, the cryptocurrency exchange said the partnership comes as cryptocurrencies become an integral part of diversified investment portfolios. OKX highlights that recent research shows that 80% of traditional and crypto hedge funds leveraging digital assets rely on third-party custodians, highlighting the importance of…
Their recommendations include the creation of crypto-focused ETFs and an overhaul of the tax system to introduce clear taxes on crypto earnings, with the aim of making the market more investor-friendly. It is. A coalition of major Japanese financial institutions has called on the government to prioritize top cryptocurrencies such as Bitcoin and Ethereum if it decides to approve exchange-traded funds (ETFs) for digital assets. The group, which includes financial giants such as Mitsubishi UFJ Trust and Banking and Nomura Securities, on October 25 submitted a recommendation on the creation of a cryptocurrency-specific ETF, highlighting the importance of established tokens…
EUR/GBP fell to its lowest level in almost two-and-a-half years on Tuesday after divergent monetary policy expectations. Interest rates are expected to fall faster in Europe than in the UK, and the euro is expected to weaken against the pound. Wednesday promises to be a big day for the pair, with third-quarter eurozone GDP figures and the UK Chancellor's budget announcement. The euro/pound exchange rate was just above 0.8300 on Tuesday, down a quarter of a percent on the day and close to the two-and-a-half year low of 0.8295 hit on October 18th. A break below these lows would be…
Arthur Hayesco-founder of bitmexChina's demand is expected to rapidly increase Bitcoin BTC/USD The Chinese government is leaning toward aggressive financial stimulus to counter the effects of the protracted real estate crisis. what happened: Hayes believes that China's introduction of quantitative easing (QE), which mirrors that of the Federal Reserve and the European Central Bank, will accelerate the depreciation of the renminbi and make Bitcoin more attractive for asset preservation. It claims to be an option. In a blog post on Monday, Hayes suggested that if China implements large-scale quantitative easing, as many economists expect, it will likely lead to a…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Ethereum market observers have noted a recent transaction in which 58,000 ETH worth approximately $152 million was moved…
Zack XBT Who is Crypto Sleuth? Tracking Billions in Fraud and Theft In the fast-paced and often opaque world of cryptocurrencies, where wealth can disappear in the blink of an eye, one name stands out as a beacon of hope for victims. Zack XBT. This enigmatic figure became famous for his investigative skills that uncovered fraudulent schemes and recovered millions of dollars in stolen assets. But who exactly is ZachXBT, and how did he establish himself as the go-to crypto detective tracking down fraud and theft? Learn about the fascinating world of crypto investigation and ZachXBT's incredible journey Let's dive…